A Key Difference Between a Quota and a Tariff Is

Multiple Choice

A key difference between a quota and a tariff is that

A) a quota has a larger effect on quantity than on price.
B) a tariff has a larger effect on quantity than on price.
C) the government of the importing country gains revenue from a tariff, but the price gap caused by a quota benefits domestic importers.
D) All of the above answers are correct.